Subtitles of the Movie

This movie will cover the required qualifications needed in order to apply for the PMI Risk Management Professional Certification. Like the PMP Exam, the PMI RMP Credential is noteworthy for the fact that holding the Certification itself already demonstrates a minimum level of experience and background. There are three primary categories of qualification and they are: Educational Background, Project Risk Management Experience, and Project Risk Management Education. Notice that under the Experience and Education categories it specifically says, ÒRisk.Ó That's because the experience and the hours of education must be specific to this area of expertise. Also, the level of experience and education required is different based on your highest level of education. If your highest level of education is either a High School Diploma, Associates Degree, or the global equivalent of either, then you would need a total of 4500 hours of Risk Management experience within the past five consecutive years. This is different from the PMP Certification requirements which dictates total number of hours and total number of months separately. The total hours of experience can overlap, which means that if you are managing two projects at the same time, you'll include the total number of hours spent connecting risk-related activities separately for each project. Once again, I'd like to point out that this experience must have been accrued within the past five consecutive years, so even if you have years of past experience enough of this past experience must fall within this time frame to qualify. Next, you have a total of 40 Project Risk Management education hours to attain, which PMI refers to as Contact Hours. Unlike the Risk Management experience, there is no limitation as to when these hours could have been accrued. However, if your application is audited you must be able to show proof. This course qualifies as Contact Hours, and because the entire course is dedicated to the subject of Risk, the entire length of the course qualifies. If you are taking a General Project Management course, all of the amount of time devoted to Risk counts towards your Contact Hours. In a moment, we'll review Contact Hours in more detail. If you have obtained your Bachelor's Degree, or the global equivalent, then the total number of Project Risk Management experience required goes down. The requirement is now 3000 hours within the past five consecutive years. The number of Contact Hours required is also less at 30 Contact Hours. As far as Contact Hours goes, I already mentioned that these have no specification as to how far back they could have been attained, but just a reminder, you must be able to show proof of having taken the class, or course, if your application is audited. As you can imagine, the content of the courses have to relate directly to Risk Management. Each hour is typically calculated by total number of class hours. For example, an 8-hour course equals eight Contact Hours. PMI does specify where these Contact Hours may come from. Here is a list of acceptable sources. We have PMI Registered Education Providers, or REP's. These are training companies and-or programs that have been reviewed and pre-approved to fulfill the Contact Hour requirements. Once you obtain your Certification, REPs may also fulfill education credits that are required to maintain your status as a credential holder. These are called Professional Development Units, or typically referred to just as PDUs, but make sure you don't confuse these with Contact Hours. The reason that I bring this to your attention now is that applicants tend to think of them as the same thing and therefore become confused that PDUs are another component of the qualification process, -unintelligible- you must only worry about Contact Hours. Next on this list are PMI Component Organizations. These are PMI Chapters, SIGs, which stands for Specific Interest Groups, or anything else offered directly from PMI. Also acceptable are Employer, or Company Sponsored Programs, Training Companies or Consultants, such as the Virtual Training Company; I mentioned earlier that this course qualifies as Contact Hours. Also, Distance Learning Companies including an end-of-course Assessment or Project Management related courses offered by a University or College. And that wraps up the qualification requirements of the PMI Risk Management Professional Certification. In the next movie I'll go through a general overview of the exam.